In the wake of the global financial crisis, three G20 Summits have reinvigorated global cooperation, thrusting the International Monetary Fund centre-stage with approximately $1trillion of resources. With China, Brazil, India, Russia and other powerful emerging economies now at the table, is a...

The economic crisis has sparked fears about emerging protectionism and created wide interest in initiatives to monitor trade policies. The WTO regularly examines its members' trade policies - but its reports tend to be superficial and uncritical. How could they be improved to become a more...

How do trade patterns change after an external shock such as an economic crisis, and is this shift structural? This paper uses a Difference-in-Difference (DID) approach to investigate whether services trade became more digital after the Global Financial Crisis (GFC) in 2008. It finds that the...

During the ongoing financial crisis the analysis of similar historical crises has gained more and more attention among economic researchers and forecasters. Existing studies, however, do not tackle the immense heterogeneity that is present in cross-country samples in a formal and consistent way....

Jean Pisani-Ferry puts forward the idea that the G20 is a significantly less suitable forum for discussion of regulatory matters than of macroeconomic issues and their implications for the institutions of global governance. While it is sensible to involve developing and emerging countries in the...